Marex Group plc Ordinary Shares (NASDAQ:MRX) Cut to Hold at Zacks Research

Marex Group plc Ordinary Shares (NASDAQ:MRX) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on MRX. Keefe, Bruyette & Woods assumed coverage on Marex Group plc Ordinary Shares in a research report on Wednesday, April 8th. They set an “outperform” rating and a $60.00 target price for the company. UBS Group upped their price target on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. TD Cowen reiterated a “buy” rating on shares of Marex Group plc Ordinary Shares in a research note on Thursday, March 12th. Finally, Weiss Ratings assumed coverage on Marex Group plc Ordinary Shares in a report on Tuesday, April 7th. They set a “hold (c-)” rating for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Marex Group plc Ordinary Shares Stock Up 1.8%

NASDAQ MRX opened at $53.22 on Monday. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $54.60. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 13.68 and a beta of 0.05. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.07 and a current ratio of 1.09.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of Marex Group plc Ordinary Shares by 89.5% in the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after acquiring an additional 571 shares in the last quarter. Abel Hall LLC acquired a new stake in Marex Group plc Ordinary Shares during the 1st quarter valued at $214,000. Keybank National Association OH increased its holdings in Marex Group plc Ordinary Shares by 12.7% during the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock valued at $395,000 after purchasing an additional 1,001 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Marex Group plc Ordinary Shares in the 1st quarter valued at $445,000. Finally, Hsbc Holdings PLC bought a new position in Marex Group plc Ordinary Shares in the 1st quarter valued at $501,000.

About Marex Group plc Ordinary Shares

Marex Group PLC is a financial services platform, providing liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The Group’s operating segments are: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate. Maximum revenue is generated from the Agency and Execution segment, which offers liquidity and execution services to clients mainly in the energy and financial securities markets by connecting buyers and sellers in the energy markets, offering liquidity and risk management solutions for financial markets, and providing clearing, custody, capital introduction, portfolio financing, and outsourced trading services.